Metaurus Equity Component Trust (IDIV) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 11, 2021
Document Information Line Items
Entity Registrant Name	METAURUS EQUITY COMPONENT TRUST
Trading Symbol	XDIV
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		3,100,000
Amendment Flag	false
Entity Central Index Key	0001688487
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	true
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38344
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	30-0987130
Entity Address, Address Line One	589 Fifth Avenue
Entity Address, Address Line Two	Suite 808
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	(201)
Local Phone Number	683-7979
Entity Interactive Data Current	Yes
Title of 12(b) Security	Shares of U.S. Equity Cumulative Dividends Fund – Series 2027
Security Exchange Name	NYSE

Statements of Financial Conditi

Statements of Financial Condition - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Equity Cumulative Dividends Fund [Member]
Investments, at Fair Value	$ 25,549,146	$ 18,835,724
Cash and Cash Equivalents	538,613	349,052
Cash Pledged as Collateral on Futures Contracts	1,025,724	739,428
Interest Receivable	45,041	29,704
Variation Margin Receivable on Open Futures Contracts	37,125	31,500
Total Assets	27,195,649	19,985,408
Due to Advisor	17,985	14,405
Variation Margin Payable on Open Futures Contracts	64,125	26,250
Income Distribution Payable	317,250	231,000
Total Liabilities	399,360	271,655
Authorized Participants	$ 26,796,289	$ 19,713,753
Net Asset Value Per Share (in Dollars per share)	$ 9.92	$ 9.39
Market Price Per Share (in Dollars per share)	$ 10.25	$ 10.08
Us Equity Ex Dividend Fund [Member]
Investments, at Fair Value	$ 34,895,725	$ 31,392,285
Cash and Cash Equivalents	64,398	63,285
Cash Pledged as Collateral on Futures Contracts	3,488,373	1,890,737
Variation Margin Receivable on Open Futures Contracts	75,500	251,000
Total Assets	38,523,996	33,597,307
Due to Advisor	18,082	16,077
Variation Margin Payable on Open Futures Contracts	5,500	6,000
Total Liabilities	23,582	22,077
Authorized Participants	$ 38,500,414	$ 33,575,230
Net Asset Value Per Share (in Dollars per share)	$ 96.25	$ 83.94
Market Price Per Share (in Dollars per share)	$ 95.81	$ 84.13

Statements of Financial Condi_2

Statements of Financial Condition (Parentheticals) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Equity Cumulative Dividends Fund [Member]
Investment cost (in Dollars)	$ 25,754,397	$ 18,746,186
Shares	2,700,000	2,700,000
Shares Outstanding	2,100,000	2,100,000
Us Equity Ex Dividend Fund [Member]
Investment cost (in Dollars)	$ 34,896,910	$ 31,389,680
Shares	400,000	400,000
Shares Outstanding	400,000	400,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
U.S. Equity Cumulative Dividends Fund-Series 2027
Interest Income (Expense)	$ 25,065	$ 33,596	$ 47,421	$ 132,182
Advisory Fees	52,580	40,441	98,907	90,361
Total Expenses	52,580	40,441	98,907	90,361
Net Expenses	52,580	40,441	98,907	90,361
Net Investment Income (Loss)	(27,515)	(6,845)	(51,486)	41,821
Net Realized Gain (Loss) on Investments	2,609	536,833	12,109	1,179,977
Net Realized Gain (Loss) on Futures Contracts
Net Change in Unrealized Appreciation (Depreciation) on Investments	77,398	(458,972)	(294,789)	51,607
Net Change in Unrealized Appreciation (Depreciation) on Futures Contracts	1,245,386	2,854,625	3,151,584	(5,030,187)
Net Realized and Unrealized Gain (Loss) on Investments	1,325,393	2,932,486	2,868,904	(3,798,603)
Net Increase (Decrease) in Net Assets Resulting from Operations	1,297,878	2,925,641	2,817,418	(3,756,782)
U.S. Equity Ex-Dividends Fund-Series 2027
Interest Income (Expense)	(2,407)	15,072	(808)	104,549
Advisory Fees	54,104	36,264	103,187	73,328
Total Expenses	54,104	36,264	103,187	73,328
Net Expenses	54,104	36,264	103,187	73,328
Net Investment Income (Loss)	(56,511)	(21,192)	(103,995)	31,221
Net Realized Gain (Loss) on Investments	1,652	(41)	1,766	49,941
Net Realized Gain (Loss) on Futures Contracts	4,361,352	3,447,084	5,741,816	(1,126,264)
Net Change in Unrealized Appreciation (Depreciation) on Investments	(3,888)	(13,208)	(3,791)	(260)
Net Change in Unrealized Appreciation (Depreciation) on Futures Contracts	(1,256,000)	1,307,500	(710,612)	924,432
Net Realized and Unrealized Gain (Loss) on Investments	3,103,116	4,741,335	5,029,179	(152,151)
Net Increase (Decrease) in Net Assets Resulting from Operations	$ 3,046,605	$ 4,720,143	$ 4,925,184	$ (120,930)

Statements of Changes in Shareh

Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)	U.S. Equity Cumulative Dividends Fund-Series 2027	U.S. Equity Ex-Dividend Fund-Series 2027
Operations:
Net Investment Income (Loss)	$ 41,821	$ 31,222
Net Realized Gain (Loss) on Investments and Futures Contracts	1,179,977	(1,076,322)
Net Change in Unrealized Appreciation (Depreciation) on Investments and Futures Contracts	(4,978,580)	924,172
Net Increase (Decrease) in Net Assets Resulting from Operations	(3,756,781)	(120,929)
Distributions to Shareholders:
Distributions	(1,424,750)
Total Distributions	(1,424,750)
Capital Share Transactions:
Issued
Redeemed
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions
Total Increase (Decrease) in Net Assets	(5,181,531)	(120,929)
Beginning of Period at Dec. 31, 2019	24,290,529	26,941,802
End of Period at Jun. 30, 2020	19,108,998	26,820,873
Capital Share Transactions:
Beginning of Period	2,050,000	400,000
Issued
Redeemed
Shares Outstanding from Capital Share Transactions	2,050,000	400,000
Net Investment Income (Loss)	(51,486)	(103,995)
Net Realized Gain (Loss) on Investments and Futures Contracts	12,109	5,743,582
Net Change in Unrealized Appreciation (Depreciation) on Investments and Futures Contracts	2,856,795	(714,403)
Net Increase (Decrease) in Net Assets Resulting from Operations	2,817,418	4,925,184
Distributions	(1,645,750)
Total Distributions	(1,645,750)
Issued	5,910,868
Redeemed
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions	5,910,868
Total Increase (Decrease) in Net Assets	7,082,536	4,925,184
Beginning of Period at Dec. 31, 2020	19,713,753	33,575,230
End of Period at Jun. 30, 2021	26,796,289	38,500,414
Capital Share Transactions:
Beginning of Period	2,100,000	400,000
Issued	600,000
Redeemed
Shares Outstanding from Capital Share Transactions	$ 2,700,000	$ 400,000

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020
U.S. Equity Cumulative Dividends Fund-Series 2027
Cash Flows from operating activities
Net increase/(decrease) in net assets from operations		$ 2,817,418	$ (3,756,782)
Adjustments to reconcile net increase/(decrease) in net assets from operations to net cash provided by (used in) operating activities:
Purchases of investments		(8,941,464)	(17,323,425)
Proceeds from sale of investments		1,773,710	23,621,014
Accretion of discounts and amortization of premiums		171,652	90,412
Net realized (gain)/loss on investments		(12,109)	(1,179,977)
Net change in unrealized (appreciation)/depreciation on investments		294,789	(51,607)
(Increase)/decrease in operating assets
Cash pledged as collateral on futures contracts
Interest receivable		(15,337)	20,948
Variation margin receivable on open futures contracts		(5,625)	(123,000)
Increase/(decrease) in operating liabilities
Due to advisor		3,580	(4,458)
Variation margin payable on open futures contracts		37,875	(20,500)
Other accrued expenses			(18,157)
Net cash provided by (used in) operating activities		(3,875,511)	1,254,468
Cash Flows from financing activities
Proceeds from capital share issuances		5,910,868
Capital share redemptions
Distributions to shareholders		(1,559,500)	(1,419,625)
Net cash provided by (used in) financing activities		4,351,368	(1,419,625)
Net change in cash and cash equivalents and restricted cash		475,857	(165,157)
Cash, cash equivalents and restricted cash, beginning of period		1,088,480	1,054,845
Cash, cash equivalents and restricted cash, end of period*	[1]	1,564,337	889,688
Supplemental Disclosure of Cash Flow and Non-Cash Information:
Income Distribution Payable		317,250	312,625
U.S. Equity Ex-Dividend Fund-Series 2027
Cash Flows from operating activities
Net increase/(decrease) in net assets from operations		4,925,184	(120,930)
Adjustments to reconcile net increase/(decrease) in net assets from operations to net cash provided by (used in) operating activities:
Purchases of investments		(39,394,021)	(35,761,942)
Proceeds from sale of investments		35,899,740	35,971,964
Accretion of discounts and amortization of premiums		(11,184)	(108,024)
Net realized (gain)/loss on investments		(1,766)	(49,941)
Net change in unrealized (appreciation)/depreciation on investments		3,791	260
(Increase)/decrease in operating assets
Cash pledged as collateral on futures contracts
Variation margin receivable on open futures contracts		175,500	(344,000)
Increase/(decrease) in operating liabilities
Due to advisor		2,005	(292)
Payable for securities purchased			499,721
Variation margin payable on open futures contracts		(500)	24,000
Other accrued expenses			(23,887)
Net cash provided by (used in) operating activities		1,598,749	86,929
Cash Flows from financing activities
Proceeds from capital share issuances
Net cash provided by (used in) financing activities
Net change in cash and cash equivalents and restricted cash		1,598,749	86,929
Cash, cash equivalents and restricted cash, beginning of period		1,954,022	1,134,308
Cash, cash equivalents and restricted cash, end of period*	[1]	$ 3,552,771	$ 1,221,237
[1]	Agrees to the total of “Cash and Cash equivalents” and “Cash Pledged as Collateral for Futures Contracts” balances on the Statements of Financial Condition.

Schedules of Investments

Schedules of Investments	6 Months Ended
	Jun. 30, 2021
Condensed Financial Information Disclosure [Abstract]
Schedules of Investments	U.S. Equity Cumulative Dividends Fund—Series 2027 Schedules of Investments (Unaudited) June 30, 2021 Description Principal Amount Value U.S. TREASURY OBLIGATIONS - 95.3% U.S. Treasury Notes 2.250%, 11/15/2027 (1) $ 4,051,000 $ 4,334,412 2.250%, 12/31/2023 (1) 3,759,000 3,936,965 2.250%, 11/15/2024 (1) 3,896,000 4,119,564 2.250%, 11/15/2025 (1) 3,974,000 4,229,050 2.125%, 12/31/2022 (1) 3,526,000 3,629,163 2.000%, 12/31/2021 (1) 1,036,000 1,045,981 2.000%, 11/15/2026 (1) 4,030,000 4,254,011 Total U.S. Treasury Obligations (Cost $25,754,397) 25,549,146 Total Investments - 95.3% (Cost $25,754,397) $ 25,549,146 Percentages are based on net assets of $26,796,289. A list of the open futures contracts held by the Fund at June 30, 2021, is as follows: Type of Contract Number of Contracts Long Expiration Date Notional Amount Notional Value Unrealized Appreciation (Depreciation) S&P 500 Annl Div Dec21 270 12/20/2021 4,058,560 4,036,500 $ (22,060 ) S&P 500 Annl Div Dec22 270 12/19/2022 4,138,685 4,198,500 59,815 S&P 500 Annl Div Dec23 270 12/18/2023 4,214,185 4,296,375 82,190 S&P 500 Annl Div Dec24 270 12/23/2024 4,275,185 4,387,500 112,315 S&P 500 Annl Div Dec25 270 12/22/2025 4,346,372 4,431,375 85,003 S&P 500 Annl Div Dec26 270 12/21/2026 4,425,435 4,455,000 29,565 S&P 500 Annl Div Dec27 270 12/20/2027 4,498,060 4,387,500 (110,560 ) Net Unrealized Appreciation (Depreciation) $ 236,270 (1) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended June 30, 2021 was $10,559,622 or 39.4% of net assets. U.S. Equity Cumulative Dividends Fund—Series 2027 Schedules of Investments December 31, 2020 Description Principal Amount Value U.S. TREASURY OBLIGATIONS - 95.5% U.S. Treasury Notes 2.250%, 11/15/2027 (1) $ 2,650,000 $ 2,941,655 2.250%, 12/31/2023 (1) 2,441,000 2,593,372 2.250%, 11/15/2024 (1) 2,541,000 2,737,729 2.250%, 11/15/2025 (1) 2,532,000 2,765,122 2.125%, 12/31/2022 (1) 2,438,000 2,535,139 2.000%, 12/31/2021 (1) 2,403,000 2,448,109 2.000%, 11/15/2026 (1) 2,586,000 2,814,598 Total U.S. Treasury Obligations (Cost $18,746,186) 18,835,724 Total Investments - 95.5% (Cost $18,746,186) $ 18,835,724 Percentages are based on net assets of $19,713,753. A list of the open futures contracts held by the Fund at December 31, 2020, is as follows: Type of Contract Number of Contracts Long Expiration Date Notional Amount Notional Value Unrealized Appreciation (Depreciation) S&P 500 Annl Div Dec21 210 12/20/2021 3,175,483 2,955,750 $ (219,733 ) S&P 500 Annl Div Dec22 210 12/19/2022 3,232,545 2,942,625 (289,920 ) S&P 500 Annl Div Dec23 210 12/18/2023 3,287,608 2,942,625 (344,983 ) S&P 500 Annl Div Dec24 210 12/23/2024 3,344,545 2,932,125 (412,420 ) S&P 500 Annl Div Dec25 210 12/22/2025 3,414,608 2,924,250 (490,358 ) S&P 500 Annl Div Dec26 210 12/21/2026 3,485,732 2,934,750 (550,982 ) S&P 500 Annl Div Dec27 210 12/20/2027 3,552,170 2,945,250 (606,920 ) Net Unrealized Appreciation (Depreciation) $ (2,915,316 ) (1) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended December 31, 2020 was $10,797,858 or 54.8% of net assets. U.S. Equity Ex-Dividend Fund—Series 2027 Schedules of Investments (Unaudited) June 30, 2021 Description Principal Amount Value U.S. TREASURY OBLIGATIONS - 90.6% U.S. Treasury Bills (1) (2) 0.033%, 10/07/2021 $ 34,900,000 $ 34,895,725 Total U.S. Treasury Obligations (Cost $34,896,910) 34,895,725 Total Investments - 90.6% (Cost $34,896,910) $ 34,895,725 Percentages are based on net assets of $38,500,414. A list of the open futures contracts held by the Fund at June 30, 2021, is as follows: Type of Contract Number of Contracts Long/(Short) Expiration Date Notional Amount Notional Value Unrealized Appreciation (Depreciation) S&P 500 Annl Div Dec21 (40) 12/20/2021 (613,816 ) (598,000 ) $ 15,816 S&P 500 Annl Div Dec22 (40) 12/19/2022 (631,004 ) (622,000 ) 9,004 S&P 500 Annl Div Dec23 (40) 12/18/2023 (644,691 ) (636,500 ) 8,191 S&P 500 Annl Div Dec24 (40) 12/23/2024 (660,316 ) (650,000 ) 10,316 S&P 500 Annl Div Dec25 (40) 12/22/2025 (673,566 ) (656,500 ) 17,066 S&P 500 Annl Div Dec26 (40) 12/21/2026 (687,628 ) (660,000 ) 27,628 S&P 500 Annl Div Dec27 (40) 12/20/2027 (702,316 ) (650,000 ) 52,316 E-mini S&P 500 Index Sep 21 200 09/20/2021 42,366,824 42,886,000 519,176 Net Unrealized Appreciation (Depreciation) $ 659,513 (1) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (2) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended June 30, 2021 was $22,395,520 or 58.2% of net assets. U.S. Equity Ex-Dividend Fund—Series 2027 Schedules of Investments December 31, 2020 Description Principal Amount Value U.S. TREASURY OBLIGATIONS - 93.5% U.S. Treasury Bills (1) (2) 0.095%, 05/06/2021 $ 31,400,000 $ 31,392,285 Total U.S. Treasury Obligations (Cost $31,389,680) 31,392,285 Total Investments - 93.5% (Cost $31,389,680) $ 31,392,285 Percentages are based on net assets of $33,575,230. Type of Contract Number of Contracts Long/(Short) Expiration Date Notional Amount Notional Value Unrealized Appreciation (Depreciation) S&P 500 Annl Div Dec21 (40) 12/20/2021 (613,816 ) (563,000 ) $ 50,816 S&P 500 Annl Div Dec22 (40) 12/19/2022 (631,004 ) (560,500 ) 70,504 S&P 500 Annl Div Dec23 (40) 12/18/2023 (644,691 ) (560,500 ) 84,191 S&P 500 Annl Div Dec24 (40) 12/23/2024 (660,316 ) (558,500 ) 101,816 S&P 500 Annl Div Dec25 (40) 12/22/2025 (673,566 ) (557,000 ) 116,566 S&P 500 Annl Div Dec26 (40) 12/21/2026 (687,629 ) (559,000 ) 128,629 S&P 500 Annl Div Dec27 (40) 12/20/2027 (702,317 ) (561,000 ) 141,317 S&P 500 Index Mar 21 200 03/22/2021 36,811,712 37,488,000 676,288 Net Unrealized Appreciation (Depreciation) $ 1,370,127 (1) Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase. (2) Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended December 31, 2020 was $22,393,280 or 66.7% of net assets.

Organization

Organization	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
ORGANIZATION	NOTE 1 – ORGANIZATION Metaurus Equity Component Trust (the “Trust”) was formed in September 2016 and is authorized to have multiple series or portfolios. The Trust is a statutory trust formed under the laws of the state of Delaware. The Trust currently has two series or funds traded on the NYSE Arca, Inc. exchange (“NYSE Arca”), U.S. Equity Cumulative Dividends Fund–Series 2027 (the “Dividend Fund”) and U.S. Equity Ex-Dividend Fund–Series 2027 (the “Ex-Dividend Fund”, each a “Fund” or “ETF”, collectively the “Funds” or “ETFs”). Metaurus Advisors LLC (the “Sponsor” or “Advisor”) serves as the sponsor, commodity pool operator and commodity trading advisor of each Fund. Each of the Funds commenced operations on January 17, 2018 and commenced investment operations on February 5, 2018. The Trust has had no investment operations prior to February 5, 2018 other than matters relating to its organization, the registration of each series/Fund under the Securities Act of 1933, as amended, and matters relating to their establishment and the capital contribution by the Sponsor of $1,000 to each Fund on December 22, 2017. The investment objective of the ETFs is to employ a passive management, or indexing, investment approach designed to correspond to the performance of each underlying index, before fees and expenses. Individual Shares of the ETFs may be purchased and sold only on a national securities exchange, an alternative trading system or in the over-the-counter market and not directly from the ETFs. Only broker-dealers who have entered into agreements with the Trust to act as authorized participants of the Trust (“Authorized Participants”) may purchase or redeem shares directly with the ETFs. Shares of the ETFs are listed and traded on the NYSE Arca, Inc. exchange. The Fund will issue and redeem Shares on a continuous basis, through SEI Investments Distribution Co. (the “Distributor”), at net asset value (“NAV”) per Share only in one or more large blocks of Shares, called “Baskets” as set forth in the ETFs’ current Prospectus and any prospectus supplements thereto. Baskets may be issued and redeemed for cash but are expected to be issued and redeemed principally through exchange for related positions (“EFRP”) transactions for (i) futures contracts, Treasury securities and other financial instruments designed to track such Fund’s underlying index (“Deposit Instruments”) and (ii) a cash amount that includes a variable charge. Creation and redemption prices of Baskets are directly linked to a Fund’s next computed NAV and will vary from NAV by a market-determined trading cost, which may be zero. Shares generally will trade in the secondary market in amounts less than a Basket at market prices that change throughout the day. Trading prices in the secondary market for the Shares may be different from the NAVs of the ETFs. Undefined capitalized terms shall have the meaning as set forth in the registration statement.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Each Fund is an investment company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services — Investment Companies The accompanying unaudited financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions for Form 10-Q and the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). In the opinion of management, all material adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the interim period financial statements have been made. Interim period results are not necessarily indicative of results for a full-year period. Following is a summary of the significant accounting policies followed by the Funds: Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of investment income and expenses during the reporting period. Actual results could differ from those estimates. Concentration of Credit Risk Credit risk is the risk that a financial loss will be incurred if a Fund’s counterparty does not fulfill its financial obligations in a timely manner. Financial instruments that potentially subject the Funds to concentrations of credit risk consist principally of investments and cash deposits. Investments and cash of each Fund at June 30, 2021 are held at Brown Brothers, Harriman & Co., and Morgan Stanley & Co. LLC. Final Net Asset Value for Fiscal Period The NAV per Share for a Fund is determined by dividing the net assets of the Fund by the number of outstanding Shares. The NAVs of the ETFs are determined as soon as practicable after the close of regular trading of the Shares on the NYSE Arca on each Business Day. Each Fund’s net assets on a Business Day is obtained by subtracting accrued expenses and other liabilities borne by such Fund, if any, from the total value of the assets held by the Fund, in each case, as of the time of calculation. SEI Investments Global Fund Services, Inc., the administrator of the ETFs, is responsible for calculating the NAVs. Fair Value of Financial Instruments Security Valuation — The Funds value investments and financial instruments at fair value. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern Time if a security’s primary exchange is normally open at that time), or, in the case of the futures contracts held by the Funds, at the daily settlement price published by the Chicago Mercantile Exchange for such futures contracts. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. Treasury Securities held by the Funds generally are priced based upon valuations provided by independent, third-party pricing agents. Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the Sponsor or a committee of its personnel thereof. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value their securities if an event that may materially affect the value of a Fund’s securities that traded outside of the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates its net asset value. A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If the Advisor becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates its NAV, it may request that a valuation meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Sponsor or its designees will determine the fair value after taking into consideration relevant information reasonably available to it. In accordance with the authoritative guidance on fair value measurements and disclosure under GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).The three levels of the fair value hierarchy are described below: Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date; Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. The following table summarizes the inputs used to value the Funds’ investments at June 30, 2021 and December 31, 2020 using the fair value hierarchy: U.S. Equity Cumulative Dividends Fund—Series 2027 June 30, 2021 (Unaudited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 25,549,146 $ - $ 25,549,146 Total Investments in Securities $ - $ 25,549,146 $ - $ 25,549,146 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 368,890 $ - $ - $ 368,890 Unrealized Depreciation (132,619 ) - - (132,619 ) Total Other Financial Instruments $ 236,270 $ - $ - $ 236,270 U.S. Equity Cumulative Dividends Fund—Series 2027 December 31, 2020 (Audited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 18,835,724 $ - $ 18,835,724 Total Investments in Securities $ - $ 18,835,724 $ - $ 18,835,724 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ - $ - $ - $ - Unrealized Depreciation $ (2,915,316 ) $ - $ - $ (2,915,316 ) Total Other Financial Instruments $ (2,915,316 ) $ - $ - $ (2,915,316 ) * Futures contracts are presented at the unrealized appreciation (depreciation) on the instrument. Amounts designated as “-” are $0. U.S. Equity Ex-Dividend Fund—Series 2027 June 30, 2021 (Unaudited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 34,895,725 $ - $ 34,895,725 Total Investments in Securities $ - $ 34,895,725 $ - $ 34,895,725 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 659,513 $ - $ - $ 659,513 Unrealized Depreciation - - - - Total Other Financial Instruments $ 659,513 $ - $ - $ 659,513 U.S. Equity Ex-Dividend Fund—Series 2027 December 31, 2020 (Audited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 31,392,285 $ - $ 31,392,285 Total Investments in Securities $ - $ 31,392,285 $ - $ 31,392,285 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 1,370,127 $ - $ - $ 1,370,127 Unrealized Depreciation - - - - Total Other Financial Instruments $ 1,370,127 $ - $ - $ 1,370,127 * Futures contracts are presented at the unrealized appreciation (depreciation) on the instrument. Amounts designated as “-” are $0. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities. Investment Transactions and Related Income Investment transactions are recorded on trade date. Dividend income is recorded on the ex-dividend date. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Realized gains and losses from securities transactions and unrealized appreciation and depreciation of securities are determined using the identified cost basis method for financial reporting. Trading and Transaction Costs and Fees Each Fund will pay (or will reimburse the Clearing FCM if previously paid) any other transaction costs and fees associated with trading of the Fund’s instruments (including floor brokerage, exchange, clearing, give-up, user and National Futures Association (“NFA”) fees) that are not related to the creation and redemption of Baskets. Brokerage commissions on futures contracts are recognized on a half-turn basis (e.g., the first half is recognized when the contract is opened and the second half is recognized when the contract is closed). Income Taxes Each Fund is a series of a Delaware statutory trust and will be treated as a partnership for U.S. federal income tax purposes. Accordingly, no Fund expects to incur U.S. federal income tax; rather each beneficial owner of Shares will be required to take into account its allocable share of the Fund’s income, gain, loss deductions and other items for the Fund’s taxable year ending with or within the beneficial owner’s taxable year. The Funds file an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states and foreign jurisdictions. Generally, the Funds are subject to income tax examinations by federal, state and local jurisdictions, where applicable. The Funds are required to determine whether their tax positions are more likely than not to be sustained upon examination by the applicable taxing authority based on the technical merits of the position. Tax positions not deemed more-likely-than-not threshold would be recorded as a tax expense in the current period. At June 30, 2021 and December 31, 2020, the Funds had no unrecognized tax benefits related to their tax positions. The Funds do not expect that their assessments related to unrecognized tax benefits will materially change over the next 12 months. However, the Funds’ conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, the nexus of income among various tax jurisdictions; compliance with U.S. federal, state and foreign tax laws; and changes in the administrative practices and precedents of the relevant taxing authorities. The Funds’ policy is to classify interest and penalties associated with the failure to file U.S. federal and state income tax returns, as income tax expenses on their Statements of Operations. For the year ended December 31, 2020 and for the six months ended June 30, 2021, the Funds did not incur any such interest or penalties. Distribution Policy The Dividend Fund expects to pay monthly cash distributions to its Shareholders throughout each calendar year. Such distributions shall, on an annual basis, before fees and expenses, equal all or a substantial portion of the Dividend Fund’s NAV attributable to the ordinary cash dividends accumulated by the Dividend Points Index for the year (as reflected in the current year’s S&P 500 Dividend Futures Contracts held by the Dividend Fund). Such distributions may consist of ordinary income, capital gains and/or return of capital whose character will be determined at fiscal year-end once final year-end figures have been calculated. The Dividend Fund’s capital gains, if any, for a calendar year may include any net unrealized appreciation in its futures contracts that expire in future calendar years. The Ex-Dividend Fund does not anticipate making periodic distributions.

Investments

Investments	6 Months Ended
	Jun. 30, 2021
Investments [Abstract]
INVESTMENTS	NOTE 3 – INVESTMENTS The Dividend Fund seeks investment results that, before fees and expenses, correspond to the performance of the Solactive® U.S. Cumulative Dividends Index—Series 2027 (the “Solactive Dividend Index”) over each calendar year so as to provide Shareholders with returns designed to replicate the dividends on constituent companies of the S&P 500 Index, without exposure to the underlying securities. The Dividend Fund intends primarily to invest its assets in the component instruments of the Solactive Dividend Index, as well as in cash and/or cash equivalents. The component instruments of the Solactive Dividend Index consist of U.S. Treasury Securities (“Treasury Securities”) and long positions in annual futures contracts listed on the Chicago Mercantile Exchange (“CME”) that provide exposure to dividends paid on the S&P 500 constituent companies (“S&P 500 Dividend Futures Contracts”) pro rata for each year of the life of the Dividend Fund. The Ex-Dividend Fund seeks investment results that, before fees and expenses, correspond to the performance of the Solactive® U.S. Equity Ex-Dividends Index—Series 2027 (the “Solactive Ex-Dividend Index”). The Ex-Dividend Fund seeks to track the Solactive Ex-Dividend Index so as to provide Shareholders with returns that are equivalent to the performance of 0.25 shares of SPDR S&P 500 exchange-traded fund (“SPY”) less the value of current and future expected ordinary cash dividends to be paid on the S&P 500 constituent companies over the term of the Ex-Dividend Fund. SPY is an exchange-traded fund that seeks to track the S&P 500. The Ex-Dividend Fund seeks to replicate the performance of SPY through owning long positions in quarterly S&P 500 Index futures contracts traded on the CME (“S&P 500 Index Futures Contracts”) rather than shares of SPY. Additionally, the Ex-Dividend Fund intends to track the performance of the Solactive Ex-Dividend Index by selling S&P 500 Dividend Futures Contracts. The Ex-Dividend Fund will also hold Treasury Securities, cash and/or cash equivalents. Cash and Cash Equivalents Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less at the date of purchase. The Funds maintain deposits with financial institutions in amounts that may, at times, exceed the insured limits under applicable law. Short-Term Investments The Funds may purchase U.S. Treasury Bills, cash and or cash equivalents. Additionally, the Funds may enter into short-term loans and reverse repurchase agreements for liquidity purposes. There were no short-term loans or reverse repurchase agreements held in the Funds as of and during the period ended June 30, 2021 nor as of and during the period ended June 30, 2020. Accounting for Derivative Instruments All open derivative positions at period end are reflected on each respective ETF’s Schedule of Investments. The ETFs utilized a varying level of derivative instruments in conjunction with investment securities in seeking to meet their investment objective during the period. While the volume of open positions may vary on a daily basis as each ETF transacts derivatives contracts in order to achieve the appropriate exposure to meet its investment objective, the volume of these open positions relative to the net assets of each respective ETF at the date of this report is generally representative of open positions throughout the reporting period. Following is a description of the derivative instruments used by the ETFs during the reporting period, including the primary underlying risk exposures related to each instrument type. Futures Contracts The ETFs enter into futures contracts to gain exposure to changes in the value of, or as a substitute for investing directly in (or shorting), an underlying index, currency or commodity, as set forth above. A futures contract obligates the seller to deliver (and the purchaser to accept) the future delivery of a specified quantity and type of asset at a specified time and place. The contractual obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity, if applicable, or by making an offsetting sale or purchase of an identical futures contract on the same or linked exchange before the designated date of delivery, or by cash settlement at expiration of contract. The particular futures contracts utilized by the ETFs permit settlement only in cash. Upon entering into a futures contract, each ETF is required to deposit and maintain as collateral at least such initial margin as required by the exchange on which the transaction is affected. The initial margin is segregated as cash and/or securities balances with brokers for futures contracts, as disclosed in the Statements of Financial Condition and Schedules of Investments, and is restricted as to its use. The ETFs that enter into futures contracts maintain collateral at the broker in the form of cash and/or securities. Pursuant to the futures contract, each Fund generally agrees to receive from or pay to the broker(s) an amount of cash equal to the daily fluctuation in value of the futures contract. Such receipts or payments are known as variation margin and are recorded by each Fund as unrealized gains or losses. Each Fund will realize a gain or loss upon closing of a futures transaction. Futures contracts involve, to varying degrees, elements of market risk (specifically commodity price risk or equity market volatility risk) and exposure to loss in excess of the amount of variation margin. The face or contract amounts reflect the extent of the total exposure each Fund has in the particular classes of instruments. Additional risks associated with the use of futures contracts are imperfect correlation between movements in the price of the futures contracts and the market value of the underlying index or commodity and the possibility of an illiquid market for a futures contract. With futures contracts, there is minimal but some counterparty risk to the ETFs since futures contracts are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures contracts, guarantees the futures contracts against default. Many futures exchanges and boards of trade limit the amount of fluctuation permitted in futures contract prices during a single trading day. Once the daily limit has been reached in a particular contract, no trades may be made that day at a price beyond that limit or trading may be suspended for specified times during the trading day. Futures contracts prices could move to the limit for several consecutive trading days with little or no trading, thereby preventing prompt liquidation of futures positions and potentially subjecting a Fund to substantial losses. If trading is not possible, or if a Fund determines not to close a futures position in anticipation of adverse price movements, the Fund will be required to make daily cash payments of variation margin. The risk that the Fund will be unable to close out a futures position will be minimized by entering into such transactions on a national exchange with an active and liquid secondary market. The Funds held futures equity contracts as of and for the six-month period ended June 30, 2021 and as of and for the year ended December 31, 2020. The value and detail of these contracts are disclosed on each fund’s respective Schedule of Investments. The corresponding gains and losses associated with these contracts are disclosed on each Fund’s respective Statement of Operations. The average volume of futures contracts for the six-month period ended June 30, 2021 are as follows: U.S. Equity Cumulative Dividends Fund–Series 2027 Derivative Notional Long futures contracts $ 26,426,520 U.S. Equity Ex-Dividend Fund–Series 2027 Derivative Notional Long futures contracts $ 38,379,120 Short futures contracts $ (4,613,340 ) The average volume of futures contracts for the six-month period ended June 30, 2020 are as follows: U.S. Equity Cumulative Dividends Fund—Series 2027 Derivative Notional Long futures contracts $ 26,050,421 U.S. Equity Ex-Dividend Fund—Series 2027 Derivative Notional Long futures contracts $ 29,404,102 Short futures contracts $ (5,203,594 ) Offsetting Assets and Liabilities The Futures Account Agreement includes provisions permitting the Clearing FCM to net and set off its obligations to the Fund against the obligations of the Fund to the Clearing FCM upon the termination of the agreement or occurrence of an Event of Default, as defined in the agreement. As described above, the Funds utilize derivative instruments to pursue their investment objective during the year. The amounts shown in the Statements of Financial Condition do not take into consideration the effects of legally enforceable master netting agreements or similar arrangements. For financial reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Financial Condition. The following table presents each Fund’s derivatives by investment type and by counterparty net of amounts available for offset under a master netting agreement and the related collateral received or pledged by the Funds as of June 30, 2021 and December 31, 2020. U.S. Equity Cumulative Dividends Fund—Series 2027 June 30, 2021 (Unaudited) Offsetting of Derivative Assets Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 37,125 $ - $ 37,125 $ - $ - $ 37,125 Total $ 37,125 $ - $ 37,125 $ - $ - $ 37,125 Offsetting of Derivative Liabilities Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (64,125 ) $ - $ (64,125 ) $ - $ 64,125 $ - Total $ (64,125 ) $ - $ (64,125 ) $ - $ 64,125 $ - December 31, 2020 (Audited) Offsetting of Derivative Assets Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 31,500 $ - $ 31,500 $ - $ - $ 31,500 Total $ 31,500 $ - $ 31,500 $ - $ - $ 31,500 Offsetting of Derivative Liabilities Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (26,250 ) $ - $ (26,250 ) $ - $ 26,250 $ - Total $ (26,250 ) $ - $ (26,250 ) $ - $ 26,250 $ - (a) These amounts are limited to the derivatives asset/liability balance and, accordingly, do not include excess collateral received/pledged. U.S. Equity Ex-Dividends Fund—Series 2027 June 30, 2021 (Unaudited) Offsetting of Derivative Assets Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 75,500 $ - $ 75,500 $ - $ - $ 75,500 Total $ 75,500 $ - $ 75,500 $ - $ - $ 75,500 Offsetting of Derivative Liabilities Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (5,500 ) $ - $ (5,500 ) $ - $ 5,500 $ - Total $ (5,500 ) $ - $ (5,500 ) $ - $ 5,500 $ - December 31, 2020 (Audited) Offsetting of Derivative Assets Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 251,000 $ - $ 251,000 $ - $ - $ 251,000 Total $ 251,000 $ - $ 251,000 $ - $ - $ 251,000 Offsetting of Derivative Liabilities Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (6,000 ) $ - $ (6,000 ) $ - $ 6,000 $ - Total $ (6,000 ) $ - $ (6,000 ) $ - $ 6,000 $ - (a) These amounts are limited to the derivatives asset/liability balance and, accordingly, do not include excess collateral received/pledged.

Agreements

Agreements	6 Months Ended
	Jun. 30, 2021
Agreements [Abstract]
AGREEMENTS	NOTE 4 – AGREEMENTS Sponsor Among other things, the prospectus dated July 9, 2021 (the “Prospectus”) provides for a unitary fee structure pursuant to which each Fund pays the Sponsor a management fee in consideration of the services provided by the Sponsor and other services provided to each Fund that the Sponsor pays directly (the “Management Fee”). The Sponsor pays for all of the routine operational, administrative, and other ordinary expenses of each Fund as determined by the Sponsor as set forth in the Prospectus any supplements thereto. The Funds will pay for certain other expenses and all of the Funds’ extraordinary fees and expenses, if any, as determined by the Sponsor, as set forth in the Prospectus any supplements thereto. Administrator, Custodian, Fund Accountant and Transfer Agent SEI Investments Global Fund Services, Inc. (the “Administrator”) serves as the Funds’ Administrator pursuant to an administration agreement. Brown Brothers Harriman & Co. (the “Custodian”) serves as the Funds’ custodian and transfer agent pursuant to a custodian and transfer agent agreement. Clearing FCM Morgan Stanley & Co. LLC (“MS&Co.” or the “Clearing FCM”) serves as the Fund’s Clearing FCM pursuant to the terms of a commodity futures customer agreement among the Sponsor, on behalf of the Funds, severally and not jointly, and the Clearing FCM (the “Futures Account Agreement”). As Clearing FCM, MS&Co. serves as the Funds’ clearing broker and as such arranges for the execution and clearing of the Funds’ futures transactions. As such, MS&Co. holds, on behalf of the Funds, positions in futures contracts and Treasury Securities, cash and cash equivalents as futures margin. Treasury Securities, cash and cash equivalents not held as futures margin will be held by the Custodian. The Funds may engage additional and/or other futures commission merchants in the future. Distribution Agreement SEI Investments Distribution Co., a wholly-owned subsidiary of SEI Investments and an affiliate of the Administrator, serves as the Funds’ distributor of Baskets pursuant to a distribution agreement. The Distributor does not maintain any secondary market in the Shares. Management Fee/Advisory Fee The Management Fee is paid to the Sponsor in consideration of its services as sponsor, commodity pool operator, commodity trading advisor, and for managing the business and affairs of the Funds. The Sponsor supervises and directs the investment of the assets of the Funds in accordance with the Funds’ investment objectives and investment strategies outlined in the Funds’ Prospectus. As set forth in the Prospectus, the Dividend Fund pays the Sponsor a Management Fee equal to 0.87% per year of the Dividend Fund’s average daily net assets, calculated and payable monthly in arrears, or pro rata pro rata

Creation and Redemption of Crea

Creation and Redemption of Creation Units	6 Months Ended
	Jun. 30, 2021
Creation And Redemption Of Creation Units [Abstract]
CREATION AND REDEMPTION OF CREATION UNITS	NOTE 5 – CREATION AND REDEMPTION OF CREATION UNITS The Funds issue and redeem Shares on a continuous basis at NAV in one or more large blocks of Shares called Baskets as set forth in the Funds’ Prospectus and any prospectus supplements thereto. Each Fund intends to create and redeem Baskets primarily through exchange for related position (“EFRP”) transactions. In certain instances, the Funds may effect creations and redemptions partly or wholly for cash, rather than through an EFRP transaction. The manner by which redemptions are made is dictated by the terms of the respective authorized participant agreement between an Authorized Participant and the Trust (“Authorized Participant Agreement”). Except when aggregated in Baskets, Shares are not redeemable securities of a Fund. Shares of the Funds may be purchased or redeemed only by Authorized Participants. An Authorized Participant is an institution that (i) is a broker-dealer; (ii) is a registered futures commission merchant and/or clears through a registered futures commission merchant; (iii) is a Depository Trust Company Participant and a member of the National Securities Clearing Corporation; (iv) has entered into an Authorized Participant agreement with the Trust; and (v) is in a position to transfer the required Deposit Instruments and/or the cash to buy and sell whole Baskets. Investors will purchase Shares in the secondary market, generally with the assistance of a broker or investment advisor and will be subject to customary brokerage commissions, mark ups and mark downs and fees. Authorized Participants will pay a transaction fee per Basket created or redeemed. The Sponsor may choose to pay transaction fees on behalf of Authorized Participants and has done so to date on Baskets that have been created. There is no guarantee that Sponsor will continue to do so. In addition, to the extent that cash is delivered or received in lieu of any of the Deposit Instruments upon the creation or redemption of Shares by an Authorized Participant, such Authorized Participants will pay an additional variable charge up to 2% of the cash that is delivered or received in lieu of any of the Deposit Instruments to a Fund to pay for any additional transaction costs and fees and price changes associated with the purchase or disposition of any of the Deposit Instruments.

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2021
Investment Company, Financial Highlights [Abstract]
FINANCIAL HIGHLIGHTS	NOTE 6 – FINANCIAL HIGHLIGHTS Selected data for a Share outstanding throughout the periods ended June 30, 2021: Financial Highlights Three Months Ended June 30, 2021 (Unaudited) NAV Beginning of Period Net Investment Income/Loss* Net Realized and Unrealized Gain/Loss Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of Expenses to Average Net Assets (Excluding Waivers (3) Ratio (3) Portfolio (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2021 $ 9.75 $ (0.01 ) $ 0.52 $ 0.51 $ (0.34 ) $ (0.34 ) $ 9.92 5.29 % $ 10.25 $ 26,796 0.87 % 0.87 % -0.46 % 5 % U.S. Equity Ex-Dividend Fund─Series 2027 2021 $ 88.63 $ (0.14 ) $ 7.76 $ 7.62 $ - $ - $ 96.25 8.60 % $ 95.81 $ 38,500 0.58 % 0.59 % -0.61 % 0 % * Per share data calculated using average shares method. (1) Total return is for the period indicated and has not been annualized. (2) Portfolio turnover rate is for the period indicated and has not been annualized. (3) Annualized Amounts designated as “-” are $0. Six Months Ended June 30, 2021 (Unaudited) NAV Beginning of Period Net Investment Income/Loss* Net Realized and Unrealized Gain/Loss Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of Expenses to Average Net Assets (Excluding Waivers (3) Ratio of Net Investment Income/Loss to Average Net Assets (3) Portfolio (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2021 $ 9.39 $ (0.02 ) $ 1.24 $ 1.22 $ (0.69 ) $ (0.69 ) $ 9.92 13.31 % $ 10.25 $ 26,796 0.87 % 0.87 % -0.45 % 8 % U.S. Equity Ex-Dividend Fund─Series 2027 2021 $ 83.94 $ (0.26 ) $ 12.57 $ 12.31 $ - $ - $ 96.25 14.67 % $ 95.81 $ 38,500 0.58 % 0.58 % -0.59 % 0 % * Per share data calculated using average shares method. (1) Total return is for the period indicated and has not been annualized. (2) Portfolio turnover rate is for the period indicated and has not been annualized. (3) Annualized Amounts designated as “-” are $0. Financial Highlights Three Months Ended June 30, 2020 (Unaudited) NAV Net Net Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of (3) Ratio of Net Investment Income/Loss to Average Net Assets (3) Portfolio (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2020 $ 8.23 $ (0.00 ) $ 1.43 $ 1.43 $ (0.34 ) $ (0.34 ) $ 9.32 17.50 % $ 9.67 $ 19,109 0.87 % 0.87 % -0.15 % 57 % U.S. Equity Ex-Dividend Fund─Series 2027 2020 $ 55.25 $ (0.05 ) $ 11.85 $ 11.80 $ - $ - $ 67.05 21.36 % $ 66.69 $ 26,821 0.58 % 0.59 % -0.34 % 0 % * Per share data calculated using average shares method. (1) Total return is for the period indicated and has not been annualized. (2) Portfolio turnover rate is for the period indicated and has not been annualized. (3) Annualized Amounts designated as “-” are $0. Six Months Ended June 30, 2020 (Unaudited) NAV Beginning of Period Net Investment Income/Loss* Net Realized and Unrealized Gain/Loss Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of Expenses to Average Net Assets (Excluding Waivers) (3) Ratio of Net Investment Income/Loss to Average Net Assets (3) Portfolio Turnover (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2020 $ 11.85 $ 0.02 $ (1.86 ) $ (1.84 ) $ (0.70 ) $ (0.70 ) $ 9.32 -15.54 % $ 9.67 $ 19,109 0.87 % 0.87 % 0.40 % 84 % U.S. Equity Ex-Dividend Fund─Series 2027 2020 $ 67.35 $ 0.08 $ (0.30 ) $ - $ - $ - $ 67.05 -0.45 % $ 66.69 $ 26,281 0.58 % 0.58 % 0.25 % 0 % * Per share data calculated using average shares method. (1) Total return is for the period indicated and has not been annualized. (2) Portfolio turnover rate is for the period indicated and has not been annualized. (3) Annualized Amounts designated as “-” are $0.

Risk

Risk	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
RISK	NOTE 7 – RISK Principal Risks A shareholder of the Funds is subject to the risk that his or her investment could lose money. The Funds are subject to the principal risks noted below, any of which may adversely affect a Fund’s NAV, trading price, yield, total return and ability to meet its investment objective. A more complete description of principal risks is included in the Prospectus under the heading “Principal Risks.” This could result in the Funds’ underperformance compared to other funds with similar investment objectives. Market Trading Risks Individual Shares may be purchased and sold only on a national securities exchange, an alternative trading system, or in the over-the-counter market and may not be directly purchased or redeemed from the Funds. There can be no guarantee that an active trading market for Shares will develop or be maintained, or that the listing of the Shares will continue unchanged. Buying and selling Shares may require a shareholder to pay brokerage commissions and expose a shareholder to other trading costs. Due to brokerage commissions and other transaction costs that may apply, frequent trading may detract from realized investment returns. Trading prices of Shares may be above, at or below the Funds’ NAV, will fluctuate in relation to NAV based on supply and demand in the market for Shares and other factors, and may vary significantly from NAV during periods of market volatility. The return on an investor’s investment will be reduced when the investor sells Shares at a discount or buys Shares at a premium to NAV. Contingent Pricing Risks Creation and redemption prices of Baskets are directly linked to the Funds’ next-computed NAV, which is normally determined at the end of each business day. Buyers and sellers of Shares will not know the value of their purchases and sales until the Funds’ NAV is determined at the end of the trading day. Like mutual funds, the Funds do not offer opportunities to purchase or redeem Baskets intraday at currently determined (as opposed to end-of-day) prices. Creation and redemption prices of Baskets are contingent upon the determination of NAV and may vary significantly from anticipated levels (including estimates based on intraday indicative values disseminated by the Funds) during periods of market volatility. Although limit orders can be used to restrict differences between prices of the Shares in the secondary market and NAV (i.e., premiums and discounts to NAV), they cannot be used to specify trade execution prices. However, unlike shares of mutual funds, Shares will trade on NYSE Arca, Inc. during the day at market-determined prices. The Funds will disseminate an indicative NAV every 15 seconds during the trading day. Cash Transactions Risk Each Fund intends to create and redeem Baskets primarily through EFRP transactions. In certain instances, the Funds may effect creations and redemptions partly or wholly for cash, rather than through an EFRP transaction. Because the Funds may effect redemptions for cash, rather than through an EFRP transaction, they may be required to sell Deposit Instruments in order to obtain the cash needed to distribute redemption proceeds, and they may subsequently recognize gains on such sales. As a result, an investment in Shares redeemed partially or wholly for cash may be less tax-efficient than if the Shares were redeemed through an EFRP transaction which generally will not trigger any tax consequences to Shareholders. Moreover, cash transactions may have to be carried out over several days if the market for any of the Deposit Instruments is relatively illiquid and may involve considerable brokerage fees and taxes. These brokerage fees and taxes, which generally are expected to be higher than if the Basket was created or redeemed through an EFRP transaction, may be passed on to purchasers and redeemers of Baskets in the form of creation and redemption transaction fees. In addition, these factors may result in wider spreads between the bid and the offered prices of the Shares. Authorized Participant Concentration Risk Only an Authorized Participant may engage in creation or redemption transactions directly with the Funds. The Funds may have relationships with a limited number of institutions that act as Authorized Participants. To the extent these institutions exit the business or are unable or unwilling to proceed with creation and/or redemption orders with respect to the Funds and no other Authorized Participant is able to step forward to create or redeem Baskets, Shares of the Funds may trade at a discount to NAV and possibly face trading halts and/or delisting. Substantial Interests of each Fund are Held by a Small Number of Investors and Authorized Participants. A substantial portion of the Shares of each Fund are held by a small number of investors, Beneficial Owners and Authorized Participants. Additionally, at any future time, and from time to time, a substantial portion of the Shares of either Fund may be held by one or a small number of investors, Beneficial Owners and/or Authorized Participants. In the event of substantial redemptions of Shares by one or more of these persons the Shares could be impacted adversely. Guarantees and Indemnifications In the normal course of business, the Funds enter into contracts with third-party service providers that contain a variety of representations and warranties and that provide general indemnifications. Additionally, under the Funds’ organizational documents, the Sponsor, Wilmington Trust, N.A., a national banking association and the trustee of the Trust, and their officers and affiliates are indemnified against certain liabilities arising out of the performance of their duties to the Funds. The Funds’ maximum exposure under these arrangements is unknown, as it involves possible future claims that may or may not be made against the Funds. Based on experience, the Sponsor is of the view that the risk of loss to the Funds in connection with the Funds’ indemnification obligations is remote; however, there can be no assurance that such obligations will not result in material liabilities that adversely affect the Funds. Natural Disaster/Epidemic Risk Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics (for example, the novel coronavirus COVID-19), have been and can be highly disruptive to economies and markets and have recently led, and may continue to lead, to increased market volatility and significant market losses. Such natural disaster and health crises could exacerbate political, social, and economic risks previously mentioned, and result in significant breakdowns, delays, shutdowns, social isolation, and other disruptions to important global, local and regional supply chains affected, with potential corresponding results on the operating performance of the Funds. A climate of uncertainty and panic, including the contagion of infectious viruses or diseases, may adversely affect global, regional, and local economies. These circumstances may adversely impact the Funds’ performance. Further, such events can be highly disruptive to economies and markets, significantly disrupt the operations of individual companies (including, but not limited to, the Funds’ Sponsor and third-party service providers), sectors, industries, markets, securities and commodity exchanges, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Funds’ Underlying Indexes. These factors can cause substantial market volatility, exchange trading suspensions and closures, changes in the availability of and the margin requirements for certain instruments, and can impact the ability of the Funds to complete redemptions and otherwise affect the Funds’ performance and the Funds’ trading in the secondary market. A widespread crisis may also affect the global economy in ways that cannot necessarily be foreseen at the current time. How long such events will last and whether they will continue or recur cannot be predicted. Impacts from these could have a significant impact on the Funds’ performance, resulting in losses to your investment. Risk that Current Assumptions and Expectations Could Become Outdated as a Result of Global Economic Shock The onset of the novel coronavirus (COVID-19) has caused significant shocks to global financial markets and economies, with many governments taking extreme actions to slow and contain the spread of COVID-19. These actions have had, and likely will continue to have, a severe economic impact on global economies as economic activity in some instances has essentially ceased. Financial markets across the globe are experiencing severe distress at least equal to what was experienced during the global financial crisis in 2008. In March 2020, U.S. equity markets entered a bear market in the fastest such move in the history of U.S. financial markets. Contemporaneous with the onset of the COVID-19 pandemic in the US, oil experienced shocks to supply and demand, impacting the price and volatility of oil. The global economic shocks being experienced as of the date hereof may result in significant losses to your investment.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS In preparing these financial statements, management has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. Management has determined that there are no material events, except as set forth above that would require disclosure in the Funds’ financial statements through this date.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of investment income and expenses during the reporting period. Actual results could differ from those estimates.
Concentration of Credit Risk	Concentration of Credit Risk Credit risk is the risk that a financial loss will be incurred if a Fund’s counterparty does not fulfill its financial obligations in a timely manner. Financial instruments that potentially subject the Funds to concentrations of credit risk consist principally of investments and cash deposits. Investments and cash of each Fund at June 30, 2021 are held at Brown Brothers, Harriman & Co., and Morgan Stanley & Co. LLC.
Final Net Asset Value for Fiscal Period	Final Net Asset Value for Fiscal Period The NAV per Share for a Fund is determined by dividing the net assets of the Fund by the number of outstanding Shares. The NAVs of the ETFs are determined as soon as practicable after the close of regular trading of the Shares on the NYSE Arca on each Business Day. Each Fund’s net assets on a Business Day is obtained by subtracting accrued expenses and other liabilities borne by such Fund, if any, from the total value of the assets held by the Fund, in each case, as of the time of calculation. SEI Investments Global Fund Services, Inc., the administrator of the ETFs, is responsible for calculating the NAVs.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Security Valuation — The Funds value investments and financial instruments at fair value. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded (or at approximately 4:00 pm Eastern Time if a security’s primary exchange is normally open at that time), or, in the case of the futures contracts held by the Funds, at the daily settlement price published by the Chicago Mercantile Exchange for such futures contracts. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. Treasury Securities held by the Funds generally are priced based upon valuations provided by independent, third-party pricing agents. Securities for which market prices are not “readily available” are valued in accordance with Fair Value Procedures established by the Sponsor or a committee of its personnel thereof. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government-imposed restrictions. In addition, the Funds may fair value their securities if an event that may materially affect the value of a Fund’s securities that traded outside of the United States (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates its net asset value. A Significant Event may relate to a single issuer or to an entire market sector. Events that may be Significant Events include: government actions, natural disasters, armed conflict, acts of terrorism and significant market fluctuations. If the Advisor becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates its NAV, it may request that a valuation meeting be called. When a security is valued in accordance with the Fair Value Procedures, the Sponsor or its designees will determine the fair value after taking into consideration relevant information reasonably available to it. In accordance with the authoritative guidance on fair value measurements and disclosure under GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).The three levels of the fair value hierarchy are described below: Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date; Level 2 – Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). In some instances, the inputs used to measure fair value might fall within different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest input level that is significant to the fair value measurement in its entirety. The following table summarizes the inputs used to value the Funds’ investments at June 30, 2021 and December 31, 2020 using the fair value hierarchy: U.S. Equity Cumulative Dividends Fund—Series 2027 June 30, 2021 (Unaudited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 25,549,146 $ - $ 25,549,146 Total Investments in Securities $ - $ 25,549,146 $ - $ 25,549,146 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 368,890 $ - $ - $ 368,890 Unrealized Depreciation (132,619 ) - - (132,619 ) Total Other Financial Instruments $ 236,270 $ - $ - $ 236,270 U.S. Equity Cumulative Dividends Fund—Series 2027 December 31, 2020 (Audited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 18,835,724 $ - $ 18,835,724 Total Investments in Securities $ - $ 18,835,724 $ - $ 18,835,724 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ - $ - $ - $ - Unrealized Depreciation $ (2,915,316 ) $ - $ - $ (2,915,316 ) Total Other Financial Instruments $ (2,915,316 ) $ - $ - $ (2,915,316 ) * Futures contracts are presented at the unrealized appreciation (depreciation) on the instrument. Amounts designated as “-” are $0. U.S. Equity Ex-Dividend Fund—Series 2027 June 30, 2021 (Unaudited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 34,895,725 $ - $ 34,895,725 Total Investments in Securities $ - $ 34,895,725 $ - $ 34,895,725 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 659,513 $ - $ - $ 659,513 Unrealized Depreciation - - - - Total Other Financial Instruments $ 659,513 $ - $ - $ 659,513 U.S. Equity Ex-Dividend Fund—Series 2027 December 31, 2020 (Audited) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 31,392,285 $ - $ 31,392,285 Total Investments in Securities $ - $ 31,392,285 $ - $ 31,392,285 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 1,370,127 $ - $ - $ 1,370,127 Unrealized Depreciation - - - - Total Other Financial Instruments $ 1,370,127 $ - $ - $ 1,370,127 * Futures contracts are presented at the unrealized appreciation (depreciation) on the instrument. Amounts designated as “-” are $0. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those securities.
Investment Transactions and Related Income	Investment Transactions and Related Income Investment transactions are recorded on trade date. Dividend income is recorded on the ex-dividend date. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Realized gains and losses from securities transactions and unrealized appreciation and depreciation of securities are determined using the identified cost basis method for financial reporting.
Trading and Transaction Costs and Fees	Trading and Transaction Costs and Fees Each Fund will pay (or will reimburse the Clearing FCM if previously paid) any other transaction costs and fees associated with trading of the Fund’s instruments (including floor brokerage, exchange, clearing, give-up, user and National Futures Association (“NFA”) fees) that are not related to the creation and redemption of Baskets. Brokerage commissions on futures contracts are recognized on a half-turn basis (e.g., the first half is recognized when the contract is opened and the second half is recognized when the contract is closed).
Income Taxes	Income Taxes Each Fund is a series of a Delaware statutory trust and will be treated as a partnership for U.S. federal income tax purposes. Accordingly, no Fund expects to incur U.S. federal income tax; rather each beneficial owner of Shares will be required to take into account its allocable share of the Fund’s income, gain, loss deductions and other items for the Fund’s taxable year ending with or within the beneficial owner’s taxable year. The Funds file an income tax return in the U.S. federal jurisdiction and may file income tax returns in various U.S. states and foreign jurisdictions. Generally, the Funds are subject to income tax examinations by federal, state and local jurisdictions, where applicable. The Funds are required to determine whether their tax positions are more likely than not to be sustained upon examination by the applicable taxing authority based on the technical merits of the position. Tax positions not deemed more-likely-than-not threshold would be recorded as a tax expense in the current period. At June 30, 2021 and December 31, 2020, the Funds had no unrecognized tax benefits related to their tax positions. The Funds do not expect that their assessments related to unrecognized tax benefits will materially change over the next 12 months. However, the Funds’ conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, the nexus of income among various tax jurisdictions; compliance with U.S. federal, state and foreign tax laws; and changes in the administrative practices and precedents of the relevant taxing authorities. The Funds’ policy is to classify interest and penalties associated with the failure to file U.S. federal and state income tax returns, as income tax expenses on their Statements of Operations. For the year ended December 31, 2020 and for the six months ended June 30, 2021, the Funds did not incur any such interest or penalties.
Distribution Policy	Distribution Policy The Dividend Fund expects to pay monthly cash distributions to its Shareholders throughout each calendar year. Such distributions shall, on an annual basis, before fees and expenses, equal all or a substantial portion of the Dividend Fund’s NAV attributable to the ordinary cash dividends accumulated by the Dividend Points Index for the year (as reflected in the current year’s S&P 500 Dividend Futures Contracts held by the Dividend Fund). Such distributions may consist of ordinary income, capital gains and/or return of capital whose character will be determined at fiscal year-end once final year-end figures have been calculated. The Dividend Fund’s capital gains, if any, for a calendar year may include any net unrealized appreciation in its futures contracts that expire in future calendar years. The Ex-Dividend Fund does not anticipate making periodic distributions.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of inputs used to value the funds' investments using the fair value hierarchy	Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 25,549,146 $ - $ 25,549,146 Total Investments in Securities $ - $ 25,549,146 $ - $ 25,549,146 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 368,890 $ - $ - $ 368,890 Unrealized Depreciation (132,619 ) - - (132,619 ) Total Other Financial Instruments $ 236,270 $ - $ - $ 236,270 Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 18,835,724 $ - $ 18,835,724 Total Investments in Securities $ - $ 18,835,724 $ - $ 18,835,724 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ - $ - $ - $ - Unrealized Depreciation $ (2,915,316 ) $ - $ - $ (2,915,316 ) Total Other Financial Instruments $ (2,915,316 ) $ - $ - $ (2,915,316 ) Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 34,895,725 $ - $ 34,895,725 Total Investments in Securities $ - $ 34,895,725 $ - $ 34,895,725 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 659,513 $ - $ - $ 659,513 Unrealized Depreciation - - - - Total Other Financial Instruments $ 659,513 $ - $ - $ 659,513 Investments in Securities Level 1 Level 2 Level 3 Total U.S. Treasury Obligations $ - $ 31,392,285 $ - $ 31,392,285 Total Investments in Securities $ - $ 31,392,285 $ - $ 31,392,285 Other Financial Instruments Level 1 Level 2 Level 3 Total Futures Contracts* Unrealized Appreciation $ 1,370,127 $ - $ - $ 1,370,127 Unrealized Depreciation - - - - Total Other Financial Instruments $ 1,370,127 $ - $ - $ 1,370,127

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2021
Investments [Abstract]
Schedule of futures contracts	Derivative Notional Long futures contracts $ 26,426,520 Derivative Notional Long futures contracts $ 38,379,120 Short futures contracts $ (4,613,340 ) Derivative Notional Long futures contracts $ 26,050,421 Derivative Notional Long futures contracts $ 29,404,102 Short futures contracts $ (5,203,594 )
Schedule of offsetting assets and liabilities	Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 37,125 $ - $ 37,125 $ - $ - $ 37,125 Total $ 37,125 $ - $ 37,125 $ - $ - $ 37,125 Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (64,125 ) $ - $ (64,125 ) $ - $ 64,125 $ - Total $ (64,125 ) $ - $ (64,125 ) $ - $ 64,125 $ - Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 31,500 $ - $ 31,500 $ - $ - $ 31,500 Total $ 31,500 $ - $ 31,500 $ - $ - $ 31,500 Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (26,250 ) $ - $ (26,250 ) $ - $ 26,250 $ - Total $ (26,250 ) $ - $ (26,250 ) $ - $ 26,250 $ - Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 75,500 $ - $ 75,500 $ - $ - $ 75,500 Total $ 75,500 $ - $ 75,500 $ - $ - $ 75,500 Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (5,500 ) $ - $ (5,500 ) $ - $ 5,500 $ - Total $ (5,500 ) $ - $ (5,500 ) $ - $ 5,500 $ - Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Assets Futures Contracts $ 251,000 $ - $ 251,000 $ - $ - $ 251,000 Total $ 251,000 $ - $ 251,000 $ - $ - $ 251,000 Gross Net Gross Amounts Not Offset in the Gross Statement in the Statement of Financial Condition Amounts of of Statement Financial Cash Net Derivative Liabilities Futures Contracts $ (6,000 ) $ - $ (6,000 ) $ - $ 6,000 $ - Total $ (6,000 ) $ - $ (6,000 ) $ - $ 6,000 $ -

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2021
Investment Company, Financial Highlights [Abstract]
Schedule of financial highlights	NAV Beginning of Period Net Investment Income/Loss* Net Realized and Unrealized Gain/Loss Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of Expenses to Average Net Assets (Excluding Waivers (3) Ratio (3) Portfolio (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2021 $ 9.75 $ (0.01 ) $ 0.52 $ 0.51 $ (0.34 ) $ (0.34 ) $ 9.92 5.29 % $ 10.25 $ 26,796 0.87 % 0.87 % -0.46 % 5 % U.S. Equity Ex-Dividend Fund─Series 2027 2021 $ 88.63 $ (0.14 ) $ 7.76 $ 7.62 $ - $ - $ 96.25 8.60 % $ 95.81 $ 38,500 0.58 % 0.59 % -0.61 % 0 % NAV Beginning of Period Net Investment Income/Loss* Net Realized and Unrealized Gain/Loss Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of Expenses to Average Net Assets (Excluding Waivers (3) Ratio of Net Investment Income/Loss to Average Net Assets (3) Portfolio (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2021 $ 9.39 $ (0.02 ) $ 1.24 $ 1.22 $ (0.69 ) $ (0.69 ) $ 9.92 13.31 % $ 10.25 $ 26,796 0.87 % 0.87 % -0.45 % 8 % U.S. Equity Ex-Dividend Fund─Series 2027 2021 $ 83.94 $ (0.26 ) $ 12.57 $ 12.31 $ - $ - $ 96.25 14.67 % $ 95.81 $ 38,500 0.58 % 0.58 % -0.59 % 0 % NAV Net Net Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of (3) Ratio of Net Investment Income/Loss to Average Net Assets (3) Portfolio (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2020 $ 8.23 $ (0.00 ) $ 1.43 $ 1.43 $ (0.34 ) $ (0.34 ) $ 9.32 17.50 % $ 9.67 $ 19,109 0.87 % 0.87 % -0.15 % 57 % U.S. Equity Ex-Dividend Fund─Series 2027 2020 $ 55.25 $ (0.05 ) $ 11.85 $ 11.80 $ - $ - $ 67.05 21.36 % $ 66.69 $ 26,821 0.58 % 0.59 % -0.34 % 0 % NAV Beginning of Period Net Investment Income/Loss* Net Realized and Unrealized Gain/Loss Total from Operations Distributions from Net Investment Income Total Distributions NAV End of Period Total (1) Market Price Net Assets End of Period (000) Ratio of Expenses to Average Net Assets (3) Ratio of Expenses to Average Net Assets (Excluding Waivers) (3) Ratio of Net Investment Income/Loss to Average Net Assets (3) Portfolio Turnover (2) U.S. Equity Cumulative Dividends Fund─Series 2027 2020 $ 11.85 $ 0.02 $ (1.86 ) $ (1.84 ) $ (0.70 ) $ (0.70 ) $ 9.32 -15.54 % $ 9.67 $ 19,109 0.87 % 0.87 % 0.40 % 84 % U.S. Equity Ex-Dividend Fund─Series 2027 2020 $ 67.35 $ 0.08 $ (0.30 ) $ - $ - $ - $ 67.05 -0.45 % $ 66.69 $ 26,281 0.58 % 0.58 % 0.25 % 0 %

Schedules of Investments (Detai

Schedules of Investments (Details) - Schedules of Investments - U.S. Equity Cumulative Dividends Fund-Series 2027 - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2021		Dec. 31, 2020
Investments in and Advances to Affiliates [Line Items]
Total U.S. Treasury Obligations	$ 25,549,146		$ 18,835,724
Total Investments	25,549,146		18,835,724
2.250%, 11/15/2027
Investments in and Advances to Affiliates [Line Items]
Principal Amount	4,051,000	[1]	2,650,000	[2]
Total U.S. Treasury Obligations	4,334,412	[1]	2,941,655
2.250%, 12/31/2023
Investments in and Advances to Affiliates [Line Items]
Principal Amount	3,759,000	[1]	2,441,000	[2]
Total U.S. Treasury Obligations	3,936,965		2,593,372
2.250%, 11/15/2024
Investments in and Advances to Affiliates [Line Items]
Principal Amount	3,896,000	[1]	2,541,000	[2]
Total U.S. Treasury Obligations	4,119,564		2,737,729
2.250%, 11/15/2025
Investments in and Advances to Affiliates [Line Items]
Principal Amount	3,974,000	[1]	2,532,000	[2]
Total U.S. Treasury Obligations	4,229,050		2,765,122
2.125%, 12/31/2022
Investments in and Advances to Affiliates [Line Items]
Principal Amount	3,526,000	[1]	2,438,000	[2]
Total U.S. Treasury Obligations	3,629,163		2,535,139
2.000%, 12/31/2021
Investments in and Advances to Affiliates [Line Items]
Principal Amount	1,036,000	[1]	2,403,000	[2]
Total U.S. Treasury Obligations	1,045,981		2,448,109
2.000%, 11/15/2026
Investments in and Advances to Affiliates [Line Items]
Principal Amount	4,030,000	[1]	2,586,000	[2]
Total U.S. Treasury Obligations	$ 4,254,011		$ 2,814,598
[1]	Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.
[2]	Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended December 31, 2020 was $10,797,858 or 54.8% of net assets.

Schedules of Investments (Det_2

Schedules of Investments (Details) - Schedules of Investments (Parentheticals) - U.S. Equity Cumulative Dividends Fund-Series 2027 - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Investments in and Advances to Affiliates [Line Items]
Percentages are based on net assets (in Dollars)	$ 26,796,289	$ 19,713,753
Total market value of securities pledged as collateral (in Dollars)	$ 10,556,180	$ 10,797,858
Percentage of net assets	46.10%	54.80%
U.S. Treasury Obligations
Investments in and Advances to Affiliates [Line Items]
Investment percentage	95.30%	95.50%
Cost, total (in Dollars)	$ 25,754,397	$ 18,746,186
2.250%, 11/15/2027
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.25%	2.25%
2.250%, 12/31/2023
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.25%	2.25%
2.250%, 11/15/2024
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.25%	2.25%
2.250%, 11/15/2025
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.25%	2.25%
2.125%, 12/31/2022
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.125%	2.125%
2.000%, 12/31/2021
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.00%	2.00%
2.000%, 11/15/2026
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	2.00%	2.00%
Investments
Investments in and Advances to Affiliates [Line Items]
Investment percentage	95.30%	95.50%
Cost, total (in Dollars)	$ 25,754,397	$ 18,746,186

Schedules of Investments (Det_3

Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund - U.S. Equity Cumulative Dividends Fund—Series 2027	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Net Unrealized Appreciation (Depreciation)	$ 236,270	$ (2,915,316)
S&P 500 Annl Div Dec21
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/20/2021	12/20/2021
Notional Amount	$ 4,058,560	$ 3,175,483
Notional Value	4,036,500	2,955,750
Net Unrealized Appreciation (Depreciation)	$ (22,060)	$ (219,733)
S&P 500 Annl Div Dec22
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/19/2022	12/19/2022
Notional Amount	$ 4,138,685	$ 3,232,545
Notional Value	4,198,500	2,942,625
Net Unrealized Appreciation (Depreciation)	$ 59,815	$ (289,920)
S&P 500 Annl Div Dec23
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/18/2023	12/18/2023
Notional Amount	$ 4,214,185	$ 3,287,608
Notional Value	4,296,375	2,942,625
Net Unrealized Appreciation (Depreciation)	$ 82,190	$ (344,983)
S&P 500 Annl Div Dec24
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/23/2024	12/23/2024
Notional Amount	$ 4,275,185	$ 3,344,545
Notional Value	4,387,500	2,932,125
Net Unrealized Appreciation (Depreciation)	$ 112,315	$ (412,420)
S&P 500 Annl Div Dec25
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/22/2025	12/22/2025
Notional Amount	$ 4,346,372	$ 3,414,608
Notional Value	4,431,375	2,924,250
Net Unrealized Appreciation (Depreciation)	$ 85,003	$ (490,358)
S&P 500 Annl Div Dec26
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/21/2026	12/21/2026
Notional Amount	$ 4,425,435	$ 3,485,732
Notional Value	4,455,000	2,934,750
Net Unrealized Appreciation (Depreciation)	$ 29,565	$ (550,982)
S&P 500 Annl Div Dec27
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long	270	210
Expiration Date	12/20/2027	12/20/2027
Notional Amount	$ 4,498,060	$ 3,552,170
Notional Value	4,387,500	2,945,250
Net Unrealized Appreciation (Depreciation)	$ (110,560)	$ (606,920)

Schedules of Investments (Det_4

Schedules of Investments (Details) - Schedules of Investments - U.S. Equity Ex-Dividend Fund-Series 2027 - USD ($)		6 Months Ended	12 Months Ended
		Jun. 30, 2021	Dec. 31, 2020
Investments in and Advances to Affiliates [Line Items]
Total U.S. Treasury Obligations		$ 34,895,725	$ 31,392,285
Total Investments		34,895,725	31,392,285
0.033%, 10/07/2021
Investments in and Advances to Affiliates [Line Items]
Principal Amount	[1],[2]	34,900,000
Total U.S. Treasury Obligations	[1],[2]	$ 34,895,725
0.095%, 05/06/2021
Investments in and Advances to Affiliates [Line Items]
Principal Amount	[2],[3]		31,400,000
Total U.S. Treasury Obligations	[1],[2],[3]		$ 31,392,285
[1]	Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended June 30, 2021 was $22,395,520 or 58.2% of net assets.
[2]	Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.
[3]	Security, or a portion of, has been pledged as collateral for the trading of futures contracts. The market value of the securities pledged as collateral for the period ended December 31, 2020 was $22,393,280 or 66.7% of net assets.

Schedules of Investments (Det_5

Schedules of Investments (Details) - Schedules of Investments (Parentheticals) - U.S. Equity Ex-Dividend Fund-Series 2027 - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Investments in and Advances to Affiliates [Line Items]
Investment percentage	90.60%	93.50%
Cost, total	$ 34,896,910	$ 31,389,680
Percentages are based on net assets	38,500,414	33,575,230
Total market value of securities pledged as collateral	$ 22,395,520	$ 22,393,280
Percentage of net assets	58.20%	66.70%
U.S. Treasury Obligations
Investments in and Advances to Affiliates [Line Items]
Investment percentage	90.60%	93.50%
Cost, total	$ 34,896,910	$ 31,389,680
0.033%, 10/07/2021
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security	0.033%
0.095%, 05/06/2021
Investments in and Advances to Affiliates [Line Items]
Coupon rate for this security		0.095%
Investments
Investments in and Advances to Affiliates [Line Items]
Investment percentage	90.60%	93.50%
Cost, total	$ 34,896,910	$ 31,389,680

Schedules of Investments (Det_6

Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund - U.S. Equity Ex-Dividend Fund—Series 2027	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Unrealized Appreciation (Depreciation)	$ 659,513	$ 1,370,127
S&P 500 Annl Div Dec21
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/20/2021	12/20/2021
Notional Amount	$ (613,816)	$ (613,816)
Notional Value	(598,000)	(563,000)
Unrealized Appreciation (Depreciation)	$ 15,816	$ 50,816
S&P 500 Annl Div Dec22
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/19/2022	12/19/2022
Notional Amount	$ (631,004)	$ (631,004)
Notional Value	(622,000)	(560,500)
Unrealized Appreciation (Depreciation)	$ 9,004	$ 70,504
S&P 500 Annl Div Dec23
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/18/2023	12/18/2023
Notional Amount	$ (644,691)	$ (644,691)
Notional Value	(636,500)	(560,500)
Unrealized Appreciation (Depreciation)	$ 8,191	$ 84,191
S&P 500 Annl Div Dec24
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/23/2024	12/23/2024
Notional Amount	$ (660,316)	$ (660,316)
Notional Value	(650,000)	(558,500)
Unrealized Appreciation (Depreciation)	$ 10,316	$ 101,816
S&P 500 Annl Div Dec25
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/22/2025	12/22/2025
Notional Amount	$ (673,566)	$ (673,566)
Notional Value	(656,500)	(557,000)
Unrealized Appreciation (Depreciation)	$ 17,066	$ 116,566
S&P 500 Annl Div Dec26
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/21/2026	12/21/2026
Notional Amount	$ (687,628)	$ (687,629)
Notional Value	(660,000)	(559,000)
Unrealized Appreciation (Depreciation)	$ 27,628	$ 128,629
S&P 500 Annl Div Dec27
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	(40)	(40)
Expiration Date	12/20/2027	12/20/2027
Notional Amount	$ (702,316)	$ (702,317)
Notional Value	(650,000)	(561,000)
Unrealized Appreciation (Depreciation)	$ 52,316	$ 141,317
S&P 500 Index Mar 21
Schedules of Investments (Details) - Schedule of Future Contracts Held by Fund [Line Items]
Number of Contracts Long/(Short)	200	200
Expiration Date	09/20/2021	03/22/2021
Notional Amount	$ 42,366,824	$ 36,811,712
Notional Value	42,886,000	37,488,000
Unrealized Appreciation (Depreciation)	$ 519,176	$ 676,288

Organization (Details)

Organization (Details) - USD ($)	Dec. 22, 2017	Jun. 30, 2021
Accounting Policies [Abstract]
Capital contribution by sponsor	$ 1,000
Sale of shares, description		The Fund will issue and redeem Shares on a continuous basis, through SEI Investments Distribution Co. (the “Distributor”), at net asset value (“NAV”) per Share only in one or more large blocks of Shares, called “Baskets” as set forth in the ETFs’ current Prospectus and any prospectus supplements thereto. Baskets may be issued and redeemed for cash but are expected to be issued and redeemed principally through exchange for related positions (“EFRP”) transactions for (i) futures contracts, Treasury securities and other financial instruments designed to track such Fund’s underlying index (“Deposit Instruments”) and (ii) a cash amount that includes a variable charge. Creation and redemption prices of Baskets are directly linked to a Fund’s next computed NAV and will vary from NAV by a market-determined trading cost, which may be zero.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
U.S. Equity Cumulative Dividends Fund-Series 2027
Summary of Significant Accounting Policies (Details) [Line Items]
Designated amounts	$ 0
U.S. Equity Ex-Dividend Fund-Series 2027
Summary of Significant Accounting Policies (Details) [Line Items]
Designated amounts	$ 0

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy - USD ($)		Jun. 30, 2021	Dec. 31, 2020
U.S. Equity Cumulative Dividends Fund-Series 2027
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		$ 25,549,146	$ 18,835,724
Total Other Financial Instruments	[1]	236,270	(2,915,316)
U.S. Equity Cumulative Dividends Fund-Series 2027 | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		25,549,146	18,835,724
U.S. Equity Cumulative Dividends Fund-Series 2027 | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]	368,890
U.S. Equity Cumulative Dividends Fund-Series 2027 | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]	(132,619)	(2,915,316)
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 1 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
Total Other Financial Instruments	[1]	236,270	(2,915,316)
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 1 [Member] | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 1 [Member] | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]	368,890
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 1 [Member] | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]	(132,619)	(2,915,316)
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 2 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		25,549,146	18,835,724
Total Other Financial Instruments	[1]
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 2 [Member] | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		25,549,146	18,835,724
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 2 [Member] | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 2 [Member] | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
Total Other Financial Instruments	[1]
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 3 [Member] | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 3 [Member] | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Cumulative Dividends Fund-Series 2027 | Level 3 [Member] | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		34,895,725	31,392,285
Total Other Financial Instruments	[1]	659,513	1,370,127
U.S. Equity Ex-Dividend Fund-Series 2027 | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		34,895,725	31,392,285
U.S. Equity Ex-Dividend Fund-Series 2027 | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]	659,513	1,370,127
U.S. Equity Ex-Dividend Fund-Series 2027 | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 1 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
Total Other Financial Instruments	[1]	659,513	1,370,127
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 1 [Member] | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 1 [Member] | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]	659,513	1,370,127
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 1 [Member] | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 2 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		34,895,725	31,392,285
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 2 [Member] | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities		34,895,725	31,392,285
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 2 [Member] | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 2 [Member] | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 3 [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 3 [Member] | U.S. Treasury Obligations [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Investments in Securities
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 3 [Member] | Unrealized Appreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
U.S. Equity Ex-Dividend Fund-Series 2027 | Level 3 [Member] | Unrealized Depreciation [Member]
Summary of Significant Accounting Policies (Details) - Schedule of inputs used to value the funds' investments using the fair value hierarchy [Line Items]
Total Other Financial Instruments	[1]
[1]	Futures contracts are presented at the unrealized appreciation (depreciation) on the instrument.

Investments (Details)

Investments (Details)	6 Months Ended
	Jun. 30, 2021
U.S. Cumulative Dividends Index-Series 2027 [Member]
Investments (Details) [Line Items]
Description of dividend fund seeks investment	The Dividend Fund seeks investment results that, before fees and expenses, correspond to the performance of the Solactive® U.S. Cumulative Dividends Index—Series 2027 (the “Solactive Dividend Index”) over each calendar year so as to provide Shareholders with returns designed to replicate the dividends on constituent companies of the S&P 500 Index, without exposure to the underlying securities. The Dividend Fund intends primarily to invest its assets in the component instruments of the Solactive Dividend Index, as well as in cash and/or cash equivalents. The component instruments of the Solactive Dividend Index consist of U.S. Treasury Securities (“Treasury Securities”) and long positions in annual futures contracts listed on the Chicago Mercantile Exchange (“CME”) that provide exposure to dividends paid on the S&P 500 constituent companies (“S&P 500 Dividend Futures Contracts”) pro rata for each year of the life of the Dividend Fund.
U.S. Equity Ex-Dividends Index-Series 2027 [Member]
Investments (Details) [Line Items]
Description of ex-dividend fund seeks investment	The Ex-Dividend Fund seeks investment results that, before fees and expenses, correspond to the performance of the Solactive® U.S. Equity Ex-Dividends Index—Series 2027 (the “Solactive Ex-Dividend Index”). The Ex-Dividend Fund seeks to track the Solactive Ex-Dividend Index so as to provide Shareholders with returns that are equivalent to the performance of 0.25 shares of SPDR S&P 500 exchange-traded fund (“SPY”) less the value of current and future expected ordinary cash dividends to be paid on the S&P 500 constituent companies over the term of the Ex-Dividend Fund. SPY is an exchange-traded fund that seeks to track the S&P 500. The Ex-Dividend Fund seeks to replicate the performance of SPY through owning long positions in quarterly S&P 500 Index futures contracts traded on the CME (“S&P 500 Index Futures Contracts”) rather than shares of SPY. Additionally, the Ex-Dividend Fund intends to track the performance of the Solactive Ex-Dividend Index by selling S&P 500 Dividend Futures Contracts. The Ex-Dividend Fund will also hold Treasury Securities, cash and/or cash equivalents.

Investments (Details) - Schedul

Investments (Details) - Schedule of futures contracts - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Long Futures Contracts [Member] | U.S. Equity Cumulative Dividends Fund–Series 2027 [Member]
Investments (Details) - Schedule of futures contracts [Line Items]
Derivative, notional amount	$ 26,426,520	$ 26,050,421
Long Futures Contracts [Member] | U.S. Equity Ex-Dividend Fund–Series 2027 [Member]
Investments (Details) - Schedule of futures contracts [Line Items]
Derivative, notional amount	38,379,120	29,404,102
Short Futures Contracts [Member] | U.S. Equity Ex-Dividend Fund–Series 2027 [Member]
Investments (Details) - Schedule of futures contracts [Line Items]
Derivative, notional amount	$ (4,613,340)	$ (5,203,594)

Investments (Details) - Sched_2

Investments (Details) - Schedule of offsetting assets and liabilities - USD ($)		Jun. 30, 2021		Dec. 31, 2020
U.S. Equity Cumulative Dividends Fund-Series 2027 [Member]
Derivative Assets
Gross Amounts of Recognized Assets		$ 37,125		$ 31,500
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		37,125		31,500
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Pledged	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount		37,125		31,500
Gross Amounts of Recognized Liabilities		(64,125)		(26,250)
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		(64,125)		(26,250)	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash collateral Pledged		64,125	[1]	26,250
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount
U.S. Equity Ex-Dividends Fund-Series 2027 [Member]
Derivative Assets
Gross Amounts of Recognized Assets		75,500		251,000
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		75,500		251,000
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Pledged	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount		75,500		251,000
Gross Amounts of Recognized Liabilities		(5,500)		(6,000)
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		(5,500)		(6,000)
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash collateral Pledged	[1]	5,500		6,000
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount
Futures Contracts [Member] | U.S. Equity Cumulative Dividends Fund-Series 2027 [Member]
Derivative Assets
Gross Amounts of Recognized Assets		37,125		31,500
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		37,125		31,500
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Pledged	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount		37,125		31,500
Gross Amounts of Recognized Liabilities		(64,125)		(26,250)
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		(64,125)		(26,250)	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash collateral Pledged		64,125	[1]	26,250
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount
Futures Contracts [Member] | U.S. Equity Ex-Dividends Fund-Series 2027 [Member]
Derivative Assets
Gross Amounts of Recognized Assets		75,500		251,000
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		75,500		251,000
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral Pledged	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount		75,500		251,000
Gross Amounts of Recognized Liabilities		(5,500)		(6,000)
Gross Amounts Offset in the Statement of Financial Condition
Net Amounts Presented in the Statements of Financial Condition		(5,500)		(6,000)
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	[1]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash collateral Pledged	[1]	5,500		6,000
Gross Amounts Not Offset in the Statement of Financial Condition, Net Amount
[1]	These amounts are limited to the derivatives asset/liability balance and, accordingly, do not include excess collateral received/pledged.

Agreements (Details)

Agreements (Details)	6 Months Ended
	Jun. 30, 2021
Dividend Fund [Member]
Agreements (Details) [Line Items]
Management fees payable, description	As set forth in the Prospectus, the Dividend Fund pays the Sponsor a Management Fee equal to 0.87% per year of the Dividend Fund’s average daily net assets, calculated and payable monthly in arrears, or pro rata for any partial month.

Creation and Redemption of Cr_2

Creation and Redemption of Creation Units (Details)	6 Months Ended
	Jun. 30, 2021
Creation And Redemption Of Creation Units [Abstract]
Additional variable charge	2.00%

Financial Highlights (Details)

Financial Highlights (Details) - Schedule of financial highlights - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
U.S. Equity Cumulative Dividends Fund-Series 2027
Investment Company, Financial Highlights [Line Items]
NAV Beginning of Period		$ 9.75	$ 8.23	$ 9.39	$ 11.85
Net Investment Income/Loss	[1]	(0.01)	0	(0.02)	0.02
Net Realized and Unrealized Gain/Loss		0.52	1.43	1.24	(1.86)
Total from Operations		0.51	1.43	1.22	(1.84)
Distributions from Net Investment Income		(0.34)	(0.34)	(0.69)	(0.70)
Total Distributions		(0.34)	(0.34)	(0.69)	(0.70)
NAV End of Period		$ 9.92	$ 9.32	$ 9.92	$ 9.32
Total Return	[2]	5.29%	17.50%	13.31%	(15.54%)
Market Price		$ 10.25	$ 9.67	$ 10.25	$ 9.67
Net Assets End of Period (in Dollars)		$ 26,796	$ 19,109	$ 26,796	$ 19,109
Ratio of Expenses to Average Net Assets	[3]	0.87%	0.87%	0.87%	0.87%
Ratio of Expenses to Average Net Assets (Excluding Waivers	[3]	0.87%	0.87%	0.87%	0.87%
Ratio of Net Investment Income/Loss to Average Net Assets	[3]	(0.46%)	(0.15%)	(0.45%)	0.40%
Portfolio Turnover	[4]	5.00%	57.00%	8.00%	84.00%
U.S. Equity Ex-Dividend Fund-Series 2027
Investment Company, Financial Highlights [Line Items]
NAV Beginning of Period		$ 88.63	$ 55.25	$ 83.94	$ 67.35
Net Investment Income/Loss	[1]	(0.14)	(0.05)	(0.26)	0.08
Net Realized and Unrealized Gain/Loss		7.76	11.85	12.57	(0.30)
Total from Operations		7.62	11.80	12.31
Distributions from Net Investment Income
Total Distributions
NAV End of Period		$ 96.25	$ 67.05	$ 96.25	$ 67.05
Total Return	[2]	8.60%	21.36%	14.67%	(0.45%)
Market Price		$ 95.81	$ 66.69	$ 95.81	$ 66.69
Net Assets End of Period (in Dollars)		$ 38,500	$ 26,821	$ 38,500	$ 26,281
Ratio of Expenses to Average Net Assets	[3]	0.58%	0.58%	0.58%	0.58%
Ratio of Expenses to Average Net Assets (Excluding Waivers	[3]	0.59%	0.59%	0.58%	0.58%
Ratio of Net Investment Income/Loss to Average Net Assets	[3]	(0.61%)	(0.34%)	(0.59%)	0.25%
Portfolio Turnover	[4]	0.00%	0.00%	0.00%	0.00%
[1]	Per share data calculated using average shares method.
[2]	Total return is for the period indicated and has not been annualized.
[3]	Annualized
[4]	Portfolio turnover rate is for the period indicated and has not been annualized.